DGAP-Adhoc: itelligence AG publishes preliminary figures for fiscal 2010

itelligence AG  / Key word(s): Preliminary Results/Final Results

21.01.2011 07:38

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Significant revenue growth of 23.7% to MEUR 272.2 thanks to revenue
increase in Q4 2010
License growth of 19.0% to MEUR 33.9 
EBIT rise by 21.1% to MEUR 14.9

Bielefeld, January 21, 2011 - itelligence AG has outperformed its revenue
target for fiscal year 2010 - which it had already raised from MEUR 260 to
MEUR 265 - thanks to a strong fourth quarter. In total, revenue for the
past fiscal year increased by 23.7% to MEUR 272.2 after MEUR 220.0 in 2009.
License revenue climbed significantly by 19.0% in fiscal 2010 to MEUR 33.9
(previous year: MEUR 28.5). In the fourth quarter, itelligence posted
revenue growth of 35.2% to MEUR 83.4 (previous year: MEUR 61.7). Orders on
hand rose 22.7% to around MEUR 200 as of December 31, 2010 after MEUR 162.8
at the end of 2009.

itelligence also improved its earnings performance substantially as against
the previous year. EBIT amounted to MEUR 14.9 for fiscal 2010 after MEUR
12.3 in 2009, an increase of 21.1%. The EBIT margin amounted to 5.5% in the
past fiscal year as against 5.6% in the previous year. In the fourth
quarter, itelligence saw significant EBIT growth of 43.4% to MEUR 7.6
(previous year: MEUR 5.3). The already excellent EBIT margin of 8.5% for
the fourth quarter of 2009 was increased again to 9.1% in the fourth
quarter of 2010. Furthermore, the EBIT for 2010 as a whole was reduced by
non-recurring expenses for acquisitions in the amount of MEUR 1.3 and
amortization expenses of MEUR 0.6.

Thus, itelligence AG has again bettered the forecasts it had already raised
for 2010. The Management Board is assuming that its revenues will rise
beyond the MEUR 300 mark for the first time in fiscal 2011. Earnings are
expected to grow even faster with a target EBIT margin of at least 6%.

Further figures and details can be found in the 2010 Annual Report, which
will be published on March 17, 2011.
Contact: 
Katrin Schlegel, itelligence AG, Tel: +49 (0) 521 - 91 44 8106;
Katrin.Schlegel@itelligence.de


21.01.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
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Language:     English
Company:      itelligence AG
              Königsbreede 1
              33605 Bielefeld
              Deutschland
Phone:        +49 (0)521 91448-106
Fax:          +49 (0)521 91445-201
E-mail:       katrin.schlegel@itelligence.de
Internet:     www.itelligence.de
ISIN:         DE0007300402
WKN:          730 040
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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